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Fly News Breaks for July 28, 2017
FLO
Jul 28, 2017 | 06:47 EDT
Jefferies analyst Akshay Jagdale downgraded Flowers Foods to Hold and lowered his price target for the shares to $19 from $23. The analyst says his positive thesis on bread industry pricing becoming more rational has not played out. He also believes the macro environment in the company's categories remains challenge.
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